| 600202 Stock | | | 4.99 0.05 0.99% |
Harbin Air financial indicator trend analysis is much more than just examining Harbin Air Conditioning latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Air Conditioning is a good investment. Please check the relationship between Harbin Air Income Before Tax and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Air Conditioning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Income Before Tax vs Minority Interest
Income Before Tax vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Harbin Air Conditioning Income Before Tax account and
Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Harbin Air's Income Before Tax and Minority Interest is -0.18. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Harbin Air Conditioning, assuming nothing else is changed. The correlation between historical values of Harbin Air's Income Before Tax and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Harbin Air Conditioning are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Income Before Tax i.e., Harbin Air's Income Before Tax and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Harbin Air income statement and is an important metric when analyzing Harbin Air Conditioning profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Harbin Air Conditioning whose combined shares represent less than 50% of the total outstanding shares issued by Harbin Air have a minority interest in Harbin Air.
Most indicators from Harbin Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Air Conditioning current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Air Conditioning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 60.1
M, whereas
Tax Provision is forecasted to decline to (482.9
K).
Harbin Air fundamental ratios Correlations
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Harbin Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harbin Air fundamental ratios Accounts
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Other Information on Investing in Harbin Stock
Balance Sheet is a snapshot of the
financial position of Harbin Air Conditioning at a specified time, usually calculated after every quarter, six months, or one year. Harbin Air Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Harbin Air and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Harbin currently owns. An asset can also be divided into two categories, current and non-current.